Problem
1. In a perfectly competitive market the demand schedule is p = 600 - 4q0.5 and the supply schedule is p = 30 + 6q0.5. What level of a per-unit tax levied on the good sold in this market will maximize the government's tax yield?
2. Make up your own function involving the product of two sub-functions and then differentiate it using the product rule.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.